Research Analysts Offer Predictions for Perry Ellis International, Inc.’s FY2018 Earnings (PERY)

Perry Ellis International, Inc. (NASDAQ:PERY) – DA Davidson issued their FY2018 earnings per share estimates for shares of Perry Ellis International in a report issued on Wednesday. DA Davidson analyst A. Burns anticipates that the textile maker will earn $2.08 per share for the year. DA Davidson has a “Neutral” rating and a $28.00 price objective on the stock. DA Davidson also issued estimates for Perry Ellis International’s Q4 2018 earnings at $0.83 EPS, Q1 2019 earnings at $0.81 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.72 EPS, FY2019 earnings at $2.03 EPS and FY2020 earnings at $2.27 EPS.

Perry Ellis International (NASDAQ:PERY) last posted its quarterly earnings results on Thursday, November 30th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. Perry Ellis International had a net margin of 3.05% and a return on equity of 8.95%. The company had revenue of $198.80 million for the quarter, compared to the consensus estimate of $199.40 million. During the same period last year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis.

Other research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Perry Ellis International from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. B. Riley restated a “buy” rating on shares of Perry Ellis International in a research report on Wednesday, November 1st. Ifs Securities restated an “outperform” rating on shares of Perry Ellis International in a research report on Tuesday, October 31st. ValuEngine upgraded shares of Perry Ellis International from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Zacks Investment Research downgraded shares of Perry Ellis International from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Perry Ellis International has an average rating of “Hold” and an average price target of $29.75.

Perry Ellis International (NASDAQ PERY) opened at $26.21 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.56 and a quick ratio of 2.13. Perry Ellis International has a 52-week low of $16.35 and a 52-week high of $27.27. The stock has a market cap of $410.66, a PE ratio of 15.51 and a beta of 0.60.

A number of large investors have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in Perry Ellis International by 3.6% in the 2nd quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock valued at $200,000 after purchasing an additional 359 shares during the last quarter. Teachers Advisors LLC lifted its position in Perry Ellis International by 5.7% in the 2nd quarter. Teachers Advisors LLC now owns 23,540 shares of the textile maker’s stock valued at $458,000 after purchasing an additional 1,263 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Perry Ellis International by 12.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,504 shares of the textile maker’s stock valued at $224,000 after purchasing an additional 1,263 shares during the last quarter. Voya Investment Management LLC lifted its position in Perry Ellis International by 4.0% in the 2nd quarter. Voya Investment Management LLC now owns 33,823 shares of the textile maker’s stock valued at $658,000 after purchasing an additional 1,306 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in Perry Ellis International by 2.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 65,751 shares of the textile maker’s stock valued at $1,280,000 after purchasing an additional 1,547 shares during the last quarter. Hedge funds and other institutional investors own 72.67% of the company’s stock.

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Perry Ellis International Company Profile

Perry Ellis International, Inc is an apparel company. The Company designs, sources, markets and licenses its products nationally and internationally at multiple price points and across all levels of retail distribution. It operates through four segments: Men’s Sportswear and Swim, Women’s Sportswear, Direct-to-Consumer and Licensing.

Earnings History and Estimates for Perry Ellis International (NASDAQ:PERY)

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